648 Lakeridge DrCameronNC28326
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cameron at 648 Lakeridge Dr, Cameron, NC, 28326 priced at $245,000 converts $1,855/mo rent into $362/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,855/mo, and annual cash flow totals $4,344/yr on $81,218 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.09% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 131.4% and total cumulative return in cash sums $106,716. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,855/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28326, Cameron, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,680 (100%) |
| Owner Occupied HU | 5,518 (57.0%) |
| Renter Occupied HU | 3,339 (34.5%) |
| Vacant Housing Units | 823 ( 8.5%) |
| Median Home Value | $299,340 |
| Average Home Value | $324,720 |
Housing Distribution
Address Breakdown
Residential
9,269
Single Family
9,041
Multi-Family
228
Businesses
212
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Listed by: STEVEN KING • KEYS TO CAROLINA
Mls Name: LPRMLS
Mls ID: #752760